Property investors have seen a -3.65% drop in NEW TOWN based on a decrease in median home prices for the past three months.
Based on its average 5-year and quarterly capital gains NEW TOWN, 5554 saw average growth in the long term.
The SA suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.Investors saw the median home price rise to $217,500
Profits averaged -6.48% per annum over a 3-year period, due to an downward trend in home prices in NEW TOWN, 5554.
This means, real estate investors could earn a rental income of $272.5 based on current median home prices for the suburb.
The gross rental yield in NEW TOWN, 5554 is 6.51%.
An average of 1.58 real estate transactions take place per month in NEW TOWN which translates to 19 per annum.
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